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Business & Economy

FBR notifies committee for integration of businesses

Posted on by News Desk

ISLAMABAD, In order to rapidly increase tax revenues by adding new taxpayers via extensive and innovative use of technology, the Federal Board of Revenue (FBR) Tuesday issued a notification for the constitution of a Committee for Integration of Businesses, which had been formed by Federal […]

Foreign exchange rates

Posted on by News Desk

KARACHI, The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Tuesday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR […]

EXCHANGE RATES FOR CURRENCY NOTES

Posted on by News Desk

KARACHI, CURRENCY SELLING BUYING USD 164.48 160.73 GBP 226.14 220.95 EUR 193.71 189.61 JPY 1.4905 1.4564 SAR 43.86 42.84 AED 44.79 44.04 LIBOR LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS LIBOR 1M 0.08613 LIBOR 3M 0.12888 LIBOR 6M 0.15850 US DOLLAR Indicative FBP Rates […]

NBP Exchange Rates

Posted on by News Desk

KARACHI, Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 162.85 162.35 EURO EUR 192.11 191.53 JAPANESE YEN JPY 1.4758 1.4712 BRITISH POUND GBP 223.90 223.21 SWISS FRANC CHF […]

Foreign exchange rates

Posted on by News Desk

KARACHI, The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Monday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR […]

Tarin chairs CMAC meeting to reform capital market

Posted on by News Desk

ISLAMABAD, Federal Minister for Finance and Revenue, Shaukat Tarin, chaired the first meeting of the Capital Market Advisory Council (CMAC), that was established to introduce reforms in the capital markets in the country. According to press statement issued by the Finance Ministry here, Special Assistant […]

Economic and industrial boost on govt agenda: Dawood

Posted on by News Desk

LAHORE, Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood has said economic and industrial boost was government’s top priority and all problems of the industrial sector would be solved amicably. He said that Pakistan was shifting from trading to manufacturing, which was […]

Pakistan’s most recent business news

The business environment in Pakistan is undergoing a quick expansion and alteration, with several industries seeing notable advancements and fresh prospects. In this article, we’ll examine the most recent business news from Pakistan, emphasizing important industries, cutting-edge developments, and remarkable accomplishments to give you a full picture of the vibrant business scene there.

Boom in Technology and E-Commerce: Pakistan’s technology and e-commerce industries have seen tremendous development in recent years, which has helped the nation’s economy. Online sales and other digital transactions have expanded dramatically as a result of the more widespread availability of inexpensive smartphones and enhanced internet access. The emergence of e-commerce behemoths like Daraz, Foodpanda, and the Daraz supported by Alibaba has revolutionized consumer shopping and opened up new opportunities for entrepreneurs and small companies.

Investments in Renewable Energy: Pakistan has acknowledged the value of using renewable energy sources to alleviate the country’s energy issue and lessen its dependency on fossil fuels. The government’s initiatives to entice capital into the renewable energy industry have been successful. Major initiatives, such the construction of wind and solar power facilities, have created possibilities for both domestic and international investors while increasing the availability of sustainable energy.

Infrastructure Development: As a result of the government’s emphasis on development projects, the construction and infrastructure industries have seen a considerable uptick. The China-Pakistan Economic Corridor (CPEC) has been instrumental in improving infrastructure and communication across the nation. Construction of motorways, airports, and special economic zones are ongoing initiatives that have boosted jobs and the economy.

Start-up Culture and entrepreneurship: A increasing number of entrepreneurs and innovators are starting businesses in Pakistan, which has a thriving start-up environment. The creation of technological parks and incubation facilities, among other government measures, has given start-ups a supportive atmosphere. Startup success stories like Careem and Bykea have motivated prospective business owners and drawn domestic and foreign capital, promoting innovation and economic expansion.

Financial Inclusion and Digital Banking: With the introduction of financial inclusion and digital banking programs, Pakistan’s financial industry has seen a shift. Financial services are now more easily available to the unbanked population thanks to mobile banking applications and electronic payment methods, which has helped to promote financial inclusion. Consumers now have access to cutting-edge goods and services thanks to partnerships between conventional banks and fintech businesses.

Export Potential and Global Trade: Pakistan’s export potential is growing as a number of industries earn international acclaim. Particularly, the textile and garment sector continues to play a significant role in the nation’s export earnings. Aside from that, efforts are being made to diversify exports into other industries including IT services, medicines, and agricultural goods. Access to overseas markets has been made possible for Pakistani enterprises thanks to international trade agreements and participation in trade shows.

Due to infrastructural improvements, technology breakthroughs, and a strong start-up culture, Pakistan’s economic environment is changing quickly. The nation is seeing good developments that support economic growth and employment creation, from the e-commerce boom to investments in renewable energy. With an emphasis on entrepreneurship, innovation, and financial inclusion, Pakistan is well-positioned to develop into a thriving center for trade and investment. Keep up with the most recent business news as you investigate the many options that are appearing in this changing climate.

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